HERE is how to make money consistently trading the open

[MrScalper]

What is it that you believe was left out?

You will have to remind me!

 

[Spectre2007]

Trading after 10:00am ES, 3 contracts.. multi-year backtest.. using 'last' trades recorded.

-SL 16 ticks per contract
-TP 16 ticks per contract
-exiting on the close each session
-using volatility as a trigger
-trend filter

 

[Spectre2007]

To sustain, costs in running.. 30K account. Drawdowns.. annual.. plus returns. Intraday margins are pretty low.. running 400 per..

 

[dartmus]

Trading after 10:00am ES, 3 contracts.. multi-year backtest.. using 'last' trades recorded.

-SL 16 ticks per contract
-TP 16 ticks per contract
-exiting on the close each session
-using volatility as a trigger
-trend filter

Without separating in-sample from out-of-sample, backtesting results are meaningless.

 

[dealmaker]

Legendary Don Bright had a thread on OPG that lasted for years....

ps HFTs hate price discovery...

 

[maxpi]

Toby something or other wrote a book on Opening Range Breakouts in the 1970's. Last time I checked it was selling for $500 and up...

 

[nakachalet]

Post a chart/s with your method.

@motif

just where did you learn that....!

you really do not need to ask anyone
to show any bank acct, brokerage acct or
irs verified tax return....

don't even have to ask anyone to

SHOW ME THE MONEY....

just show me your trading screen
and where you entered and existed....

I'll say, motif, you are one of the smartest
cookies to date.... LOL

Ahh Soo.... with all due respect, really.

 

[nakachalet]

Hi Bob111,
....This is not a theory. Not to mention,

I proved it 4 ways: mathematically, physically, geometrically and logically.

You can not refute it.... There is no way around it.....

@TheRumpledOne

alright, you said you have proven it 4 ways, maybe even 5 or 6 ways:

but you and several others might have already forgotten the
7th way and it is the only way.... in trading....;

with all due respect to all
claiming to be consistently profitable
traders.... sim or otherwise.... LOL

you really do not have to waste much of your time at all,
you do not even have to .... SHOW ME THE MONEY....

in trading: if you can, or if you care to,

just show us your trading screen with
the automated marked up of your entries
and exits....

that is all you really really need,
in order for us.... to show you proper
and due respect and homage as being consistently profitable....

you or anyone else claiming to be consistently profitable,
surely won't need your lawyers' approval, nor your acct
permission now, do you.... to just show us eager beavers
your live trading screen, but hopefully not your after
the fact marked up pages with insertions and all....?

with all due respect to every trader,
trading live or sim ....

 

[SoesWasBetter]

Good for you. -- Make your millions then doing that, and when That time comes...report back here to show-off and gloat about accomplishing the impossible,

These kind of stories, or posts, are a dime-a-dozen on trading forums. Very little diamond, and a whole bunch of ore or rough.
The only thing 'elite' about this place is the title.

For entertainment Purposes Only

 

[terminator8]

I prefer The Opening Price Principle by Larry Pesavento. There is no need for intraday price bars.

I tested the principle on DAX futures using only RTH data. It did not hold. Opening price was within high/low only 49% of the time. Any ideas why? Thanks in advance